Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / Consider the table of market adjustments below
Consider the table of market adjustments below. Assuming the first point is on the demand curve, compute the equations of both the demand and supply curve. Using these equations, find the missing values A, B, C, D. What is the equilibrium point? Do you think the market will adjust to it?
Quantity Price
3 0.7
0.14 0.7
0.14 0.986
0.1972 0.986
A = ? B = ?
C = ? D = ?
